Latest Oil and gas exploration and extraction News

Asian shares mixed amid caution on US-China trade talks

Nov. 18, 2019 10:30 PM EST

TOKYO (AP) — Asian shares are mixed as investors remain cautious over prospects for an agreement in trade talks between the United States and China. Japan’s benchmark Nikkei 225 edged 0.1% lower to 23,384.14. Australia’s S&P/ASX 200 added 0.4% to 6,745.60. South Korea’s Kospi...

Pennsylvania families demand investigation into rare cancers

Nov. 18, 2019 5:17 PM EST

HARRISBURG, Pa. (AP) — The families of young people diagnosed with a rare childhood cancer confronted Democratic Gov. Tom Wolf on Monday over what they called his administration’s insufficient response to a health crisis they blame on pollution from the shale gas industry. Dozens of children and...

Saudi Aramco seeks record-setting IPO with value up to $1.7T

Nov. 17, 2019 1:12 PM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale, potentially becoming the most-valuable initial public offering in history. The newly released figures...

World thirst for oil keeps growing, with SUVs a key culprit

Nov. 13, 2019 7:08 AM EST

PARIS (AP) — The world's thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers' insatiable appetite for SUVs is a big reason why. Mounting demand for plastic is another factor. So is increasing plane travel. And the...

Lawsuit aims to kill stalled $2B methanol refinery project

Nov. 12, 2019 7:07 PM EST

SEATTLE (AP) — A federal lawsuit filed Tuesday aims to keep one of the world's biggest methanol refineries from being built along the Columbia River in Washington state. Plans for the $2 billion refinery, shipping terminal and pipeline project in the small city of Kalama are already stalled after a state...

AP Exclusive: FBI eyes how Pennsylvania approved pipeline

Nov. 12, 2019 3:31 PM EST

HARRISBURG, Pa. (AP) — The FBI has begun a corruption investigation into how Gov. Tom Wolf's administration came to issue permits for construction on a multibillion-dollar pipeline project to carry highly volatile natural gas liquids across Pennsylvania, The Associated Press has learned. FBI agents have...

After boost from Perry, supporters got huge Ukraine gas deal

Nov. 12, 2019 7:43 AM EST

KYIV, Ukraine (AP) — Two political supporters of U.S. Energy Secretary Rick Perry secured a potentially lucrative oil and gas exploration deal from the Ukrainian government soon after Perry proposed one of the men as an adviser to the country's new president. Perry's efforts to influence Ukraine's energy...

Angered at EU, Turkey threatens to release IS prisoners

Nov. 12, 2019 5:15 AM EST

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Tuesday issued a veiled threat suggesting Turkey could release the Islamic State group prisoners it holds and send them to Europe, angered at a EU decision to impose sanctions on his country over its drilling for gas in Mediterranean waters...

After boost from Perry, backers got huge gas deal in Ukraine

Nov. 11, 2019 3:26 PM EST

KYIV, Ukraine (AP) — Two political supporters of U.S. Energy Secretary Rick Perry secured a potentially lucrative oil and gas exploration deal from the Ukrainian government soon after Perry proposed one of the men as an adviser to the country's new president. Perry's efforts to influence Ukraine's energy...

Sage grouse court order trims energy lease auction in Nevada

Nov. 11, 2019 2:51 PM EST

RENO, Nev. (AP) — U.S. land managers have withdrawn more than 500 square miles (1,295 sq. kilometers) of public land from a swath of eastern Nevada where oil and gas drilling leases are set to go to auction. The move came after a judge blocked a Trump administration attempt to curtail protection of habitat...